MLM @ BehindMLM

As Sam Lee gears up to defraud consumers with his new StableDAO Ponzi, proceedings in Australia are providing insight into his earliest crypto scams.

NewAge has settled violations of the Securities and Exchange Act with the SEC. As per an October 19th order, NewAge consented to a cease and desist.

Following on from a 2017 judgement, James Merrill has now settled with the TelexFree Trustee.

Estonian police have arrested four DagCoin executives, including founder Nils Grossberg and CVO Kris Ress (aka Kristjan Ress).

The SEC has sued former NewAge CEO Brent Willis for fraud. According to the regulator, Willis told porky pies which contributed to NewAge’s “growth and success”.

Amway has copped a six month ban in Japan due to recruitment scamming. An investigation by the Consumer Affairs Agency revealed Amway distributors are deceptively recruiting victims through dating apps.

Skyway Capital has received a fraud warning from Vietnam’s People’s Public Security. As per VPPS’ October 11th notice;

An Entry of Default has been recorded against Forsage scammers Vladimir “Lado” Okhotnikov, Lola Ferrari and Sergey Maslakov.

Uganda’s Lotteries and Gaming Board has issued a BLQ Football fraud warning. As per the Lotteries and Gaming Board’s October 11th public notice; The attention of the National Lotteries and Gaming Regulatory Board has been drawn to a company trading as BLQ FOOTBALL Uganda on social media platforms such as Facebook. BLQ has been conducting [Continue reading…]

Troy Mason has settled Ztegrity forex fraud allegations with the CFTC for $943,570. As per a signed August 15th settlement, Mason admits to to all of the findings made in this Consent Order and all of the allegations in the (CFTC’s) Complaint. Mason’s settlement was filed with the court on October 7th.